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Sep 27, 2012
09/12
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that combined with the growing economy at 4% gets us to a balanced budget. >> reporter: as romney hit president obama hard on looming defense cuts, the president used his newest ad to remind the 47% of americans romney called government dependent in secretly recorded comments. >> my campaign is about 100% of americans, helping people get out of poverty and have the middle class have a more pros pous future. >> reporter: i asked how he hoped to turn things around, he pointed to next week's debates. >> i have a great opportunity with debates to talk about my vision for the country, the president will talk about his. those who believe we want bigger government, more intrusive government, trillion-dollar deficits as far as the eye can see will vote for him. those who believe we should encourage economic growth and create more jobs will vote for me. >> that first presidential debate is set for next wednesday night. romney's supporters tell me they're counting on a performance that they hope will tighten this race once again. doreen? >> julie carey. >>> a plea from the wife of the capitol h
that combined with the growing economy at 4% gets us to a balanced budget. >> reporter: as romney hit president obama hard on looming defense cuts, the president used his newest ad to remind the 47% of americans romney called government dependent in secretly recorded comments. >> my campaign is about 100% of americans, helping people get out of poverty and have the middle class have a more pros pous future. >> reporter: i asked how he hoped to turn things around, he pointed to...
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Sep 27, 2012
09/12
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FOXNEWS
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the economy went from bad to worse in the second quarter. that is the take-away from the new gdp numbers. chief white house correspondent ed henry shows us how that impacts the obama campaign. >> with two new economic reports showing the recovery is slowing again, bad timing for president obama as he campaigned in military-friendly virginia beach and unveiled a new theme on the economy. >> every campaign season you hear a lot about "patriotism." you know what? it's time for new economic patriotism, rooted in the belief that growing our economy begins with a strong and thriving middle class. i won't pretend getting there is easy. >> today we learn that rebuilding will take even longer, after gross domestic product for the second quarter was revised down to an anemic 1.3%. orders on durable goods, items ranging from washington machines to aircrafts, plunged by 13 13.2%. the worst droop since the month the president was sworn in office. alan krueger, chairman of the council of economic advisors brushed it off saying the new data shows how bad t
the economy went from bad to worse in the second quarter. that is the take-away from the new gdp numbers. chief white house correspondent ed henry shows us how that impacts the obama campaign. >> with two new economic reports showing the recovery is slowing again, bad timing for president obama as he campaigned in military-friendly virginia beach and unveiled a new theme on the economy. >> every campaign season you hear a lot about "patriotism." you know what? it's time...
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Sep 27, 2012
09/12
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FBC
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on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is going to happen. >> what is going to happen is, you and i have talked. it the market has got to stop going up. yields are going to rise because if bernanke is right and it works the economy gets better if yields rise. there will be so much money lost in the bond market that people are not going to believe what happens to it, and that is going to force them, force them to go other places. lou: as always to the thank you for being here. thank you very much. up next, the obama administration admits the september 11th attack and libya that result
on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is...
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Sep 28, 2012
09/12
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CNN
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank.
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank.
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Sep 29, 2012
09/12
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CNN
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. why not use all your vacation days this year? get points you can easily redeem for your vacations, with chase sapphire preferred. >>> we hear a lot of spin on the campaign trail when it comes to the big issue. cnn is helping cut through the noise and a look at one of the most controversial social issues facing our nation and that is health care. dr. sanjay gupta goes in depth on president obama and mitt romney's positions and their plans when it comes to your health. >> since president obama's health care law was enact aed, 3.1 million people under the age of 26 are now covered by their parents' plans and preventive care is covered 100% by insurance companies. seniors, in particular, have benefitted on prescription drugs. >> seniors who fall in the coverage gap known as the doughnut hole will start getting som
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. why not use all your vacation days this year? get points you can easily redeem for your vacations, with chase sapphire preferred. >>> we hear a lot of spin on the campaign trail when it comes to the big issue. cnn is helping cut...
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Sep 29, 2012
09/12
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KRCB
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being such a creative economy. for example, energy prices have fallen a lot. and there are some other things you can count to on the upside. but so far businesses have been very reluctant to invest heavily, very reluctant to hire heavily. >> muhamed el-erian what do you see-- when you look at all this data coming in, what is most important to you? >> a few things. first the employment picture. and not just whether we're eating jobs or not. that's important. but also what's happening to those who remain unemployed. and that is a pretty worsening picture. that's why i call 2 a crisis. because long-term unemployment is really high. and youth unemployment is really high. and these are longer-term issues that we need to deal with. so the employment picture is very important. second, clarity for businesses. today no one has the confidence to invest. there is a ton of money, judy, on the sideline, a ton of money. and if we can engage that money in the system would be great. an third as ken rightly said, the global economy. we are facing he is vore headwinds. so a num
being such a creative economy. for example, energy prices have fallen a lot. and there are some other things you can count to on the upside. but so far businesses have been very reluctant to invest heavily, very reluctant to hire heavily. >> muhamed el-erian what do you see-- when you look at all this data coming in, what is most important to you? >> a few things. first the employment picture. and not just whether we're eating jobs or not. that's important. but also what's happening...
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Sep 28, 2012
09/12
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CNN
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. ♪ ♪ one, two, three, four ♪ you say ♪ flip it over and replay ♪ we'll make everything okay ♪ walk together the right way ♪ do, do, do, do [ laughing ] [ laughing ] [ laughing ] [ laughing ] ♪
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop...
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Sep 30, 2012
09/12
by
WBFF
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and confidence in the economy and the president's ability in the economy has been surging. >> the media... >> chris: we will not focus on media bias any longer, we'll talk about issues and take a break here and when we come back... the terror attack that killed four americans in libya. there are growing questions about what the president knew and when he knew it. ♪ while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. not quite knowing what the next phase was going to be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chanc
and confidence in the economy and the president's ability in the economy has been surging. >> the media... >> chris: we will not focus on media bias any longer, we'll talk about issues and take a break here and when we come back... the terror attack that killed four americans in libya. there are growing questions about what the president knew and when he knew it. ♪ while energy development comes with some risk, north america's natural gas producers are committed to safely and...
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Sep 28, 2012
09/12
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KQED
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weak leadership, lack of vision, inabilityo move to tackle the economy. not just slowing growth rate and export as broad. it's growing nonperforming loans and bank indebtedness, social inequities. whole series of issues that plague the economy going forward. >> time quick question, there are plenty of other party leaders who live beyond the obvious means of the government official. is that at all risky for them to file these kind of charges against bo? >> absolutely. he is not unique, we say. he is unique in that he was involved in a homicide or the cover-up of a homicide and his own political style is slightly unique but in terms of corruption, he is more representative, i would say, of the entire system. the system is riddled with this. and you know, there is lile irony that the princelings are the ones who are receiving most of this corruption. >> warner: professor david shambaugh, thank you. >> you're welcome, >> woodruff: and to the analysis of shields and brooks-- that's syndicated columnist mark shields and "new york times" columnist david brooks.
weak leadership, lack of vision, inabilityo move to tackle the economy. not just slowing growth rate and export as broad. it's growing nonperforming loans and bank indebtedness, social inequities. whole series of issues that plague the economy going forward. >> time quick question, there are plenty of other party leaders who live beyond the obvious means of the government official. is that at all risky for them to file these kind of charges against bo? >> absolutely. he is not...
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Sep 28, 2012
09/12
by
CNN
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if the challenger in this economy can't get a lead on the president on that question, he won't win. >> ari, do you agree with that, on that key question? >> well, it all comes down to the sample size and the poll. again, if the poll is oversampling democrats, of course, you will get that answer. here's why, anderson, i think you have to dig a little deep. in the last six days, there have been seven polls in the state of florida. one of them has obama -- one of them has romney up by one point. the rest are a very close race within the margin of error, one point, three points, four points, four points, one for five points. a poll came out that shows the president is up nine points. here's how they got there. they have nine percentage point more democrat turnout than republican. it's a fantasy. in the 2008 obama landslide, it was advantage for the democrats of just three points. and republicans won florida in 2004. republicans turned out by four percentage points more. you just can't have those kind of swings, the numbers aren't reliable. >> cornell, what do you make -- >> i think what r
if the challenger in this economy can't get a lead on the president on that question, he won't win. >> ari, do you agree with that, on that key question? >> well, it all comes down to the sample size and the poll. again, if the poll is oversampling democrats, of course, you will get that answer. here's why, anderson, i think you have to dig a little deep. in the last six days, there have been seven polls in the state of florida. one of them has obama -- one of them has romney up by...
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Sep 28, 2012
09/12
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CNN
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ ♪ [ sighs ] [ bird chirps ] [ bird squawks ] ♪ [ bird screeching ]
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years,...
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Sep 26, 2012
09/12
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KNTV
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economy that president obama once seen as his main focus. steve handelsman, new york. >>> britain is reportedly set to extradite the most recognizable extremist to the united states. a european court decision yesterday cleared the way for terror suspects to be extradited after an eight-year legal battle. he faces terrorism charges including allegedly helping set up a terrorist training camp in oregon and having a hand in kidnapping westerners in yemen. the men could be deported within weeks. they argue that long sentences in the u.s. would amount to inhumane treatment. but the court did not agree. he now faces life in prison in the united states if convicted. >>> too many sexual assaults in the ranks. the high rate is prompting defense secretary leon panetta to take action. panetta has ordered each branch of the army, navy, marine corps, and air force to improve prevention training. the goal is to make training better and more uniform. panetta says since so many assaults go unreported, there may have been as many as 19,000 attacks just last
economy that president obama once seen as his main focus. steve handelsman, new york. >>> britain is reportedly set to extradite the most recognizable extremist to the united states. a european court decision yesterday cleared the way for terror suspects to be extradited after an eight-year legal battle. he faces terrorism charges including allegedly helping set up a terrorist training camp in oregon and having a hand in kidnapping westerners in yemen. the men could be deported within...
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Sep 28, 2012
09/12
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FOXNEWS
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martha: back to the economy now. there are dramatic new numbers that we got on economic growth this week that really show a stagnant economy. initially gdp growth estimate was up 1.7%, which is not a good number. you want to be north of 2% if you're going anywhere in this economy. then they took it down to the actual number which we got yesterday which got very little attention, really. 1.3% is the down regard revision on gdp for the second quarter. meanwhile the country is heading towards what has been talked about so much, the fiscal cliff that will kick in when we get into 2013, when the bush tax cuts expire and we've got 600 billion in spending cuts waiting around the corner. bob woodward talked about this. he talked about the efforts to avoid the fist alcliff and basically said that his reporting reveals that they have hit a wall because the president has a failure to community with lawmakers according to bob woodward, here is what he said. >> most of the most astonishing things is he doesn't have that relations
martha: back to the economy now. there are dramatic new numbers that we got on economic growth this week that really show a stagnant economy. initially gdp growth estimate was up 1.7%, which is not a good number. you want to be north of 2% if you're going anywhere in this economy. then they took it down to the actual number which we got yesterday which got very little attention, really. 1.3% is the down regard revision on gdp for the second quarter. meanwhile the country is heading towards what...
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Sep 28, 2012
09/12
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economy is faring. jobless claims filed last week hit the lowest level in two months. but the commer deprtment revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your community and the members of your family that are struggling for good work. if you don't believe me look at the numbers that just came out in the growth of our economy. 1.3% versus russia at 4%, china at 7-8%, we are at 1.3% this is unacceptable. it is not working. i know what it takes to get things working. >> sreenivasan: 200 miles away in virginia beach, president obama acknowledged the economy is still struggling. but he also promised the crowd he'll push for an era of what he called economic patriotism. >> during campaign season you always hear a lot about patriotism. well you know what?
economy is faring. jobless claims filed last week hit the lowest level in two months. but the commer deprtment revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your...
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Sep 28, 2012
09/12
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ megyn: free-for-all friday as we had not one but two car chases. trace gallagher got information on what we are seeing in phoenix, arizona. >> reporter: interstate 10. this guy is flying down internet 10. this has been going on for the better part of one hour. this is a carjacking suspect police have been following. he's driving a dodge caliber. and apparently he has fired shots at police. you can kind of see as they widen out. there are police cruisers behind him. this is going west on interstate 10. those who don't know the western region. interstate 10 runs from where you see now, phoenix, all the way to the coast in santa monica, california. so he could go on for as long as he's got gas thank that tank. the speeds have been upwards of 100 miles an hour. 110 miles an hour at some point in time. again the cops are going to proceed with this as they do in a lot of these car chases which means as much danger as posed to t
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ megyn: free-for-all friday as we had not one but two car chases. trace gallagher got information on what we are seeing in phoenix, arizona. >> reporter: interstate 10. this guy is flying down internet 10. this has been going on for the better part of one hour. this is a carjacking suspect police have been following. he's driving a dodge...
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Sep 27, 2012
09/12
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CSPAN2
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we have a strong country and economy. which we continue to be 14, 15, 16 we don't struggle for a long time. that's unacceptable to all of us. i'll stop there and take any questions you might have. thank you so much for having me. [applause] [applause] yeah. >> dianne, clinical psychology. i would like you to flush out a little more how you're going bring in a generation of teachers with more respect and higher status in the system. >> we're working on this. and it's a conversation we are we're trying to help facility. we think teachers should be leading this. we have held literals of town hall meetings with teachers around the country thousands of teachers lead by the teacher ambassador fellow i think the entire pipeline is broken. it's not an easy fix. we don't have the right talent pool coming. 100% of the teachers come from the top third or ten% of the college graduates. we're all the way at the other end. how we train teachers is inadequate right now. 62% of young teachers tell ugh they are unprepared to enter the cla
we have a strong country and economy. which we continue to be 14, 15, 16 we don't struggle for a long time. that's unacceptable to all of us. i'll stop there and take any questions you might have. thank you so much for having me. [applause] [applause] yeah. >> dianne, clinical psychology. i would like you to flush out a little more how you're going bring in a generation of teachers with more respect and higher status in the system. >> we're working on this. and it's a conversation...
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Oct 3, 2012
10/12
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CSPAN2
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we were talking about how to legislation spent $800 billion on a strain to fix the economy. they spend the money and the job soon follow. but we got was dead. when you talk about in those terms, here's what the president sold to the american people on how to fix the economy. these are the results are not only not create a job, it created a lot of debt that we now have to pay off. a lot of money, not a lot of results. we tried to hold a lack of officials to account for the record and also for the promises that they have made. a lot of incumbent politicians don't like us because there's a lot of people doing it on a very large lawful. >> it is important to one of the things we talk about is targeting. it is important living here between new york and philadelphia market you'll not see any of these most likely. pennsylvania historically has been a target state. right now neither campaign are super pack really advertise in the philadelphia media market is the most expensive market in the target state, that he would talk about it or nine states is also important to remember as a l
we were talking about how to legislation spent $800 billion on a strain to fix the economy. they spend the money and the job soon follow. but we got was dead. when you talk about in those terms, here's what the president sold to the american people on how to fix the economy. these are the results are not only not create a job, it created a lot of debt that we now have to pay off. a lot of money, not a lot of results. we tried to hold a lack of officials to account for the record and also for...
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Sep 28, 2012
09/12
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CNN
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. i i had pain in my abdomen...g. it just wouldn't go away. i was spotting, but i had already gone through menopause. these symptoms may be nothing... but they could be early warning signs of a gynecologic cancer, such as cervical, ovarian, or uterine cancer. feeling bloated for no reason. that's what i remember. seeing my doctor probably saved my life. warning signs are not the same for everyone. if you think something's wrong... see your doctor. ask about gynecologic cancer. and get the inside knowledge. >>> welcome back to "early start." it is 12 minutes past the hour. i'm zoraida sambolin. >> i'm joh
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. i i had pain in my abdomen...g. it...
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Sep 28, 2012
09/12
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CSPAN
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that is not a way to grow this economy. we have to grow the economy if we are going to make the tough decisions to make medicare and social security sustainable into the future. let me be clear once again. i believe that we cannot change the benefits for people over the age of 40. we need to be honest with our younger citizens in this country. you all know that the programs you have are not sustainable. but if the government is honest with you saying that things didn't change, maybe those under 40 need to look at means -- that things need to change, maybe those under 40 can make plans. we need to have a government that is honest. >> there's a big difference between sen. fischer and myself on this. i have said it is all it back to the entitlement commission in 1994. the problem was bad then and has gotten worse. the commitments do not necessarily mean we can afford to meet them. that is the problem retweet cannot afford it. what are we going to do about it? she's basically saying if you're over 40, you will not have to parti
that is not a way to grow this economy. we have to grow the economy if we are going to make the tough decisions to make medicare and social security sustainable into the future. let me be clear once again. i believe that we cannot change the benefits for people over the age of 40. we need to be honest with our younger citizens in this country. you all know that the programs you have are not sustainable. but if the government is honest with you saying that things didn't change, maybe those under...
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Oct 1, 2012
10/12
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CSPAN2
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the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as conservative economics. it's opening the horizon to the economy to human creativity. and human creativity always comings as a surprise to us. you can't plan it. if you get k plan it, you wouldn't need it. >> can p mitt romney use the phrase politically supply side economics. i think he could if he says that he's reviving the reagan administration. the book was quoted more by -- president reagan most quoted author. he quotedded the book regularly throughout the administration. and reagan didn't balance the budget. he had actually during the reagan adminis
the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as...
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Sep 28, 2012
09/12
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CNN
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it's good for the economy. it's good for our national security. that's what i mean when i say we need to go forward. that's what we're going to need to do. we need to give every american the chance to compete by making sure we've got the best education system in the world. that's the reason i'm standing here today. that's the gateway of opportunity and the gateway of the middle class. and because of the work we've already done, millions of young people are better able to afford college already. and now we've got to do more by hiring 100,000 new math and science teachers. by making sure that we're providing millions of new slots for folks to retrain at community colleges for the jobs that exist right now. continue to lower tuition costs for students so they're not loaded up with debt once they graduate. my opponent thinks that it makes sense for us to gut our investment in education in order to give a tax break to the wealthy. i disagree. i think what the united states of america means is that no child should be deprived of a good education. it mea
it's good for the economy. it's good for our national security. that's what i mean when i say we need to go forward. that's what we're going to need to do. we need to give every american the chance to compete by making sure we've got the best education system in the world. that's the reason i'm standing here today. that's the gateway of opportunity and the gateway of the middle class. and because of the work we've already done, millions of young people are better able to afford college already....
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Sep 26, 2012
09/12
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CNBC
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economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value. i think there are a few opportunities in europe selectively. a company we own called securitas, which is a man-guarded service. it trades for about 50 krona. we think it's worth 72. we get about a 6% dividend yield. there's an example where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody'
economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about...
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economy that can't get its footing. consumers are feeling more upbeat and an improvement in housing probably has a lot to do with that. we just talked about the threat of the fiscal cliff, the u.s. centered storm, but we cannot ignore the head winds coming from europe. joining me now to debate this topic is host of "quest heemean business" on cnn international. richard, the question is will europe derail a u.s. recovery? give me 60 seconds on the clock starting right now. richard, the answer is categorically, absolutely yes. the storm hanging over europe just won't go away, and each day that it stays there is another day that europeans who have been among the biggest and best consumers of u.s.-produced goods and services are buying fewer and fewer of them despite two years of bad governance and poor decision making in europe, americans are sortly weirdly feeling better about their own economy. richard, evidenced by this week's consumer spending and housing numbers, but cheap money and low home prices are driving the ame
economy that can't get its footing. consumers are feeling more upbeat and an improvement in housing probably has a lot to do with that. we just talked about the threat of the fiscal cliff, the u.s. centered storm, but we cannot ignore the head winds coming from europe. joining me now to debate this topic is host of "quest heemean business" on cnn international. richard, the question is will europe derail a u.s. recovery? give me 60 seconds on the clock starting right now. richard, the...
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economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainlthe momentum is not good. whether the growth nber for the fourth quarter is a half a percent or three-quartersof% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recent in a poll, 60 percent
economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are...
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10/12
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the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better situation, testing its viability in the financial market. the dax going up and down as a result. factoring in economic news from the united states, which was also mixed. some good, some bacteria and waiting for spain to make a decision on whether it would take help from the european bailout fund. it hopes to get an explanation, perhaps, from mario draghi, the president of the ecb after the central bank will have met. >> let's take a closer look at some of the market members. teh dax close the day almost a quarter percent up. the euro stoxx 50 close to just a tad down at 2492
the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better...
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is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that a deficit spending is essentially a tax who does this tax fall most most heavily on in the population even if those evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit in currency is devalued and so you need more of them and your salary and your you know your other income typically doesn't go up so there is some ability to read they do this of course the stock market is going up dramatically of the last four years but for the ordinary person who's out there trying to earn a wage it's an entirely different situation because their salary isn't going up at all and yet the cost of things like gasoline and heating oil is going to dramatically i mean so we have much talk right now about various taxes we have both candidates talking about their tax policies we have the fiscal cliff with the possible exp
is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that a deficit spending is essentially a tax who does this tax fall most most heavily on in the population even if those evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit in currency is devalued and so you need...